New and used cars are most likely to bring deals in today’s market

(iSeeCars) – It took 37.2 days for an average new vehicle to sell in June and 52.1 days for an average used vehicle, according to a recent study by car search engine iSeeCars.com. Even in today’s market with inventory constraints due to the continued shortage of microchips, there are new and used cars that have sat on dealer lots for a long time. Although the typical car buyer probably isn’t aware of a vehicle’s average selling time, knowing this important piece of information could help you save money when buying a new or used car.

How does understanding a vehicle’s time to sell lead to potential savings? This is because cars that take longer to sell can provide buyers with valuable bargaining opportunities. Dealers will probably want to get rid of these cars even if it means lowering the price. These slow sellers indicate that the supply of these vehicles is greater than the demand, which could mean that the price of the car is too high or that it is not as desirable as its competitors.

Which new cars are selling the slowest? iSeeCars analyzed more than 224,000 new and used cars sold in June to determine which vehicles stay on the market the longest.

Lowest-selling new cars

These are the 10 lowest-selling new cars, which include a mix of vehicle types from US manufacturers.

Worst Selling New Cars – iSeeCars.com – iSeeCars
Rank Vehicle Average days to sell Average price
1 Lincoln Nautilus 80.6 $56,227
2 Chevrolet Silverado 1500 Limited 78.3 $51,921
3 Ford Ecosport 74.8 $26,276
4 Jeep Grand Cherokee WK 73.1 $46,296
5 Lincoln Corsair 72.0 $46,803
6 Ford Edge 70.9 $43,432
seven GMC Sierra 1500 Limited 70.3 $59,902
8 Ford-Mustang 68.9 $53,285
9 Ford Explorer 60.4 $49,445
ten Chrysler 300 59.4 $39,803
Overall average 42.8 $42,706

The slowest-selling new car is the midsize luxury SUV Lincoln Nautilus, which takes an average of 80.6 days to sell. He is joined by an additional Lincoln vehicle, the Corsair compact SUV in fifth place.

Lincoln is Ford’s luxury division, and three SUVs from the mainstream automaker make the list, including the Ford Ecosport subcompact, midsize Ford Edge and midsize Ford Explorer.

Three carryover models are on the list, including the Chevrolet Silverado 1500 Limited, Jeep Grand Cherokee WK, and GMC Sierra 1500 Limited. These vehicles are all a continuation of last-generation models, all of which have been redesigned for 2022. The Silverado 1500 Limited, Jeep Grand Cherokee WK, and GMC Sierra 1500 Limited served as a stopgap as their manufacturers increased model inventory. redesigned.

Rounding out the list are the Ford Mustang and the Chrysler 300, both of which have powerful engines and are likely to be hurting sales because buyers want more fuel-efficient vehicles.

Best-selling used cars

The list of top-selling used cars is dominated by Nissan models across all vehicle types, which account for nine of the top 10 vehicles on the list.

Worst Selling Used Cars – iSeeCars
Rank Vehicle Average days to sell Average price
1 Nissan Titan XD 106.6 $40,572
2 Nissan Titan 90.6 $37,869
3 Nissan Maxima 84.9 $27,162
4 Nissan Murano 81.6 $29,036
5 Nissan Rogue 77.9 $24,090
6 Nissan Armada 76.5 $39,200
seven Nissan Pathfinder 75.3 $27,620
8 Nissan frontier 73.0 $28,146
9 Nissan Versa 68.9 $16,583
ten Ford Edge 64.2 $30,788
Overall average 52.1 $34,629

Three Nissan pickups make the list, including the first Nissan Titan XD, which is the slightly heavier version of the second-placed full-size Nissan Titan, and the midsize Nissan Frontier pickup. Two Nissan sedans make the list, including the large Maxima sedan and the subcompact Versa sedan, along with four SUVs: the midsize two-row Murano, the midsize three-row Pathfinder, the compact Rogue and the full-size Armada.

The midsize two-row Ford Edge also makes the list, which takes 64.2 days to sell. The Edge doesn’t stand out in the popular midsize SUV segment, and its own stablemate, the Ford Explorer, is considerably more popular.

When buying a new or used car, it’s not only important to understand how long a vehicle is in dealerships, but also to understand why it’s selling slowly. While these slower-selling cars can be leverage for a bargain, consumers should do their research to understand why there isn’t a strong demand for these cars. This will ensure that the problem is one they can ignore before leaving the dealer’s lot. iSeeCars free VIN check includes over 200 data points to provide car buyers with the information needed to make an informed car purchase, including how long a car has been on the market versus its average selling time .

More iSeeCars:

About iSeeCars.com

iSeeCars.com is a car search engine that helps shoppers find the best car deals by providing key information and valuable resources, like iSeeCars’ free VIN check reports and Best Cars rankings. iSeeCars.com has saved users over $342 million so far by applying big data analytics powered by over 25 billion data points (and growing) and using proprietary algorithms to analyze , rate and objectively classify millions of new and used cars.

This article, New and used cars are most likely to bring deals in today’s marketoriginally appeared on iSeeCars.com.

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About Melanie Tweed

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